CIO Cyber & Risk Network

A vendor independent forum to learn from and share with your peers

"I'd like to thank you for a fantastic discussion regarding cyber security, the discussion was facilitated very well."

The CIO Cyber & Risk Network Mandate:
To provide CIOs in Australian organisations with a forum in which to share their issues and approaches to cyber security and risk. The intended outcome is that organisations make better informed decisions to help protect their organisations, staff, customers and the economy.
Introduction
Not all Australian organisations are fortunate enough to have a Chief Information Security Officer. But not having a CISO doesn’t mean the challenge of managing cyber risk goes away. IBRS clients have been telling us that the frequency with which they are being asked to report on cyber security to their boards has increased. Now, four times a year is the minimum, and the board members are asking better, more in-depth, questions. The CIO Cyber and Risk Network is a vendor independent forum for CIOs to share with and learn from each other.

Benefits

  • Through interaction with your peers, gain an understanding of effective security practices.
  • Save time and effort by sharing policies, frameworks and security literature.
  • Discuss vendors and services from people who are using them or have moved on from them.
  • Discuss different approaches to security.
  • Raise ideas, challenges and solutions to the network of CIO's to provide their independent thoughts and advice.
Who Can Participate?
The CIO Cyber & Risk Network is a service for CIOs who are accountable for cyber security as part of their role. To ensure that trusted relationships can develop, and provide an experience of continuity within the group, CIOs invited to participate will not exceed 20 The CIO Cyber & Risk Network is an invitation only forum. This is to ensure that the forum is not swayed by vested interests, and that the participating CIOs are assured of the confidentiality of the discussion.

Format

  • Monthly video sessions
  • IBRS will facilitate each gathering.
  • IBRS will also coordinate any external guests.
  • All gatherings are closed door, and held under the Chatham House Rule.
  • A summary of findings is distributed after each gathering.
  • Participate in a distribution list of like minded CIOs.
  • Should a CIO not be available to attend a gathering, sending a direct report is possible but discouraged. If direct reports are sent too often, as determined by the group, the CIOs’ invitation to participate may be withdrawn and no refund will be offered.

Highlights

CIO Cyber & Risk Network May 2021
On the Cyber & Risk Network May call, the CIOs spoke about:
1. Ransomware concerns with their suppliers. This topic was split between the suppliers being targeted themselves, and the resulting business impact to their customers; but also the use of third parties as a vector of attack against their customers.
2. Increasing their focus on backup and recovery as part of a drive to become more resilient.
3. What factors may lower cyber insurance premiums, and the increasing intrusiveness of both cyber insurers and auditors.
4. Various experiences with 3rd party Security Operations Centres (SOCs). One CIO shared that their 3rd party SOC was demonstrably not actually taking information from their environment and had reported no AD Account creations in the last month, while the CIO knew that was not the case.
5. A few of the CIOs noted the steady shift from broad-sweep phishing attacks to increasingly targeted spear phishing.
Resources
- Expel is a SOC that actually has happy customers.
- The Commonwealth Department of Industry, Science, Energy and Resources has developed a cyber security self assessment tool, which may be useful for smaller suppliers: Cyber Security Assessment Tool.
"At the February gathering last year, the CIOs had one particular conversation about the new Australian mandatory breach notification scheme that saved me weeks of work and thousands of dollars. It's an important area for me and I got the value of the annual membership right there."
Global CIO
“Our first Cyber & Risk Network meeting justified the participation time and energy. Networking and experience sharing is critical in cyber risk management, and getting first hand feedback and input for phishing simulation tools allowed us to make a better solution choice.”
APRA regulated CIO
CIO Cyber & Risk Network Schedule

2 June 2021

7 July 2021

CIO Cyber & Risk Network

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